Tech Money Leads the Way for Proposition E

Proposition E, which would change the way businesses are taxed by the city, has very little organized opposition, but tech companies have raised hundreds of thousands of dollars to support the measure.

According to documents filed with the city, some of the biggest names in local tech have contributed.

Salesforce.com, a San Francisco software company, has given $250,000. Zynga, an online game company that recently made headlines for cutting about five percent of its workforce, contributed $100,000 on September 14. Riverbed Technology, another company headquartered in San Francisco, added $100,000 to the campaign. OpenTable donated $37,500. Airbnb donated $25,000.

The measure itself is full of financial jargon, but the proposition is important because business taxes are the second largest source of revenue for the city, according to the Controller’s Office. TO READ MORE CLICK HERE